|Commercial Property in Luton and Dunstable
- Offices, Industrial, Retail & Warehousing -
50 Dunstable Rd, Luton, LU1 1EF
FORMERLY NELSON FLAG SHIP
50 DUNSTABLE RD
|Public House Investment Long Lease 56 years to Enterpise Inns Plc |
SQ FT (
Luton is a major South East conurbation located in the county of Bedfordshire approximately 51.5 km (32 miles north of central London) & 35.4 km (22 miles south of Milton Keynes).
The property is situated off Dunstable Road at the junction with Francis Street.
The property, which is more commonly known as The Nelsons Flagship Public House comprises a detached 2 storey building constructed during the 1960ís formed of a Public House on the ground floor and offices on the first floor approached by a self-contained access. Externally the property is demised car parking at the rear.
Please note that at the time of preparation of these particulars the tenant was not in occupation and the property is vacant.
The ground floor Public House
= 3,025 sq ft (281.03m2)
= 2,028 sq ft (188.40m2)
= 5,053 sq ft (469.43m2)
The premises are held upon a lease for an original term of 99 years commencing 25th March 1972 and terminating 24th March 2071. The lease provides the benefit of income for a further 54+ years. The lease contains provision for a rent review at the end of each 7 year period commencing from 25th March 1982. The passing rental is £38,500 per annum exclusive.
The tenant is Enterprise Inns PLC (Company Number 02562808) who are the second largest pub operator in the United Kingdom. For further information please visit http://enterpriseinns.com.
PRICE £795,000 for this freehold investment.
VAT is applicable to the sale price.
For further information please contact the sole selling agents
-Public House Investment Property
-Long Occupational Lease - 56 Years Remaining
-Let to Enterprise Inns Plc
-For Sale Freehold
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